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• Unified Grocers announced first quarter net earnings of $3.7 million, compared to $3.9 million during the same quarter a year ago. Q1 net sales were reported to be $1 billion, down 4.3 percent from a year ago.

• France-based retailer Carrefour said that its annual profit in 2009 was down 74 percent to the equivalent of $444 million (US), on sales that were down one percent to $117.9 billion (US). The company blamed restructuring charges for its poor profit performance.

According to the company, the sales decrease was attributable “primarily to the general economic conditions, including a shift in customer demand towards lower cost items. In addition, approximately $12.4 million of the reduction in sales was due to the shift of the New
Year's holiday from the second quarter of fiscal 2009 to the first quarter of fiscal 2010 ... The decrease in sales was partially offset by additional sales of $8.7 million in the Company's specialty foods subsidiary.”

• Hormel announced that its first-quarter profit increased to $111.2 million, from $81.4 million a year earlier. Q1 sales were $1.73 billion, up 2.3 percent.
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